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Governor Pataki Lauds Release of Account Information by Swiss Banks
- Banking Department to Open Claims Processing Office in New York City -

July 23, 1997

Governor George E. Pataki today commended Swiss banking institutions that released this week, for the first time, the names of more than 2,000 dormant bank accounts dating back to the Holocaust era. The individuals and families who established these accounts resided in European nations other than Switzerland, according to the Swiss Bankers Association.

"This is a positive development in the world's ongoing attempt to assess what role the Swiss banking industry played during the Second World War and to seek justice for Holocaust victims and their families," Governor Pataki said. "New York State, already in the midst of targeted examinations of Swiss banks, is establishing a Claims Processing Office that will enable Holocaust survivors and their heirs to bring their legitimate claims to the New York State Banking Department for investigation."

The office, to be located at 2 Rector Street in lower Manhattan, is scheduled to open next month. The Banking Department will hire eight full-time employees who will be charged with assisting claimants in the preparation and processing of their claims. The Claims Processing Office staff will work closely with banking and regulatory personnel in Switzerland in an attempt to resolve all legitimate claims in a just and expeditious manner.

"In keeping with Governor Pataki's pledge to Holocaust survivors and their heirs, the Banking Department is allocating the personnel and resources needed to make the Claims Processing Office a reality," Acting Superintendent of Banks Elizabeth McCaul said. "I'm proud New York State is leading the way in confronting issues that have gone unresolved for too long."


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